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PERSEUS MINING LIMITED Major Shareholding Notification 2025

Jan 28, 2025

46513_rns_2025-01-28_7fe031b3-a8bb-4ac9-999a-aa0b9fb078d5.pdf

Major Shareholding Notification

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604 GUIDE page 1/1 13 March 2000

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Perseus Mining Limited

ACN/ARSN

ACN/ARSN 106 808 986 1. Details of substantial holder (1) Name Van Eck Associates Corporation (and its associates referred to in paragraph 6). ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on 23/01/2025 The previous notice was given to the company on 10/01/2024 The previous notice was dated 09/01/2024

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4) Previous notice Previous notice Present notice Present notice
Person’s votes Voting power (5) Person’s votes Voting power (5)
Ordinaryshares 136,252,789
9.92% 121,739,758 8.87%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of
change
Person whose
relevant interest
changed
Nature of
change (6)
Consideration
given in relation
to change (7)
Class and
number of
securities
affected
Person’s votes
affected
Van Eck Associates
Corporation(VEAC)

See Annexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of
relevant
interest
Registered
holder of
securities
Person entitled
to be registered
as holder (8)
Nature of
relevant
interest (6)
Class and
number of
securities
Person’s votes
VEAC State Street Bank
and Trust Company
as custodian for
VanEck Africa Index
ETF
VanEck Africa
Index ETF (AFK)
VEAC holds its relevant
interest by having the
power to exercise, control
the exercise of, or
influence the exercise of,
the voting powers or
disposal of the securities
to which the relevant
interest relates in the
ordinary course of
investment management
business.
Ordinary shares
616,740
0.04%

ME_950011344_1

VEAC Bank of New York
Mellon as custodian
for ESB Pension Fund
GDX
ESB Pension Fund
GDX(ESBGDX))
Same as above. Ordinary shares
550,606
0.04%
VEAC State Street Bank
and Trust Company
as custodian for
VanEck Gold Miners
ETF
VanEck Gold
Miners ETF(GDX)
Same as above. Ordinary shares
56,027,275
4.08%
VEAC State Street
Australia Limited as
custodian for
VanEck Gold Miners
ETF (AU)
VanEck Gold
Miners ETF
(GDXAU)
Same as above. Ordinary shares
1,544,597
0.11%
VEAC State Street Bank
and Trust Company
as custodian for
VanEck Junior Gold
Miners ETF
VanEck Junior Gold
Miners ETF(GDXJ)
Same as above. Ordinary shares
46,572,119
3.40%
VEAC State Street
Australia Limited as
custodian for
VanEck Australian
Resources ETF
VanEck Australian
Resources ETF
(MVR.AU)
Same as above. Ordinary shares
2,734,029
0.20%
VEAC State Street Bank
and Trust Company
as custodian for
International
Investors Gold
International
Investors Gold(IIG)
Same as above. Ordinary shares
1,632,600
0.12%
VEAC State Street
Custodial Services
(Ireland) Limited as
depositary for
VanEck Global
Mining UCITS ETF
VanEck Global
Mining UCITS ETF
(UCTGDIG)
Same as above. Ordinary shares
1,360,702
0.10%
VEAC State Street
Custodial Services
(Ireland) Limited as
custodian for
VanEck Gold Miners
UCITS ETF
VanEck Gold
Miners UCITS ETF
(UCTGDX)
Same as above. Ordinary shares
5,542,222
0.40%
VEAC State Street Bank
and Trust Company
as custodian for Van
Eck VIP Global Gold
Fund
Van Eck VIP Global
Gold Fund
(VGOLD)
Same as above. Ordinary shares
134,800
0.01%
VEAC State Street
Custodial Services
(Ireland) Limited as
custodian for
VanEck Junior Gold
Miners UCITS ETF
VanEck Junior Gold
Miners UCITS ETF
(UCTGDXJ)
Same as above. Ordinary shares
5,024,068
0.37%

ME_950011344_1

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name Address
VEAC 666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation 666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc. 666 Third Avenue, New York, NY 10017
VanEck Australia PtyLtd Level 47 Suite 2, 25 Martin Place, Sydney NSW 2000
VanEck Investments Limited Level 47 Suite 2, 25 Martin Place, Sydney NSW 2000
VanEck Asset Management B.V. Barbara Strozzilaan 310, 1083 HN Amsterdam, Netherlands

Signature

print name Andrew Tilzer
capacity
VP
sign here
date
28/01/2025
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
ed to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.
divided by the total votes in the body corporate or scheme multiplied by 100.
  • (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

  • (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

  • (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

  • (4) The voting shares of a company constitute one class unless divided into separate classes.

  • (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

  • (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

  • (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

  • (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.

  • (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ME_950011344_1

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
AFK 02/01/2024 S 26,539.37 - 15,047
AFK 02/20/2024 S - In-Kind 27,274
AFK 03/11/2024 S - In-Kind 27,284
AFK 03/15/2024 S 38,362.12 - 19,099
AFK 04/04/2024 B 11,311.78 - 5,069
AFK 06/06/2024 B - In-Kind 13,430
AFK 06/20/2024 B - In-Kind 26,850
AFK 06/21/2024 S 137,975.77 - 56,127
AFK 07/22/2024 B - In-Kind 12,469
AFK 07/25/2024 B - In-Kind 37,404
AFK 08/01/2024 B - In-Kind 12,463
AFK 08/02/2024 B - In-Kind 49,900
AFK 08/06/2024 S - In-Kind 62,420
AFK 08/06/2024 B 11,905.61 - 4,896
AFK 09/20/2024 B 43,110.82 - 16,443
AFK 11/07/2024 S - In-Kind 38,289
AFK 11/21/2024 S - In-Kind 25,518
AFK 11/21/2024 B 8,135.84 - 3,045
AFK 11/22/2024 S - In-Kind 25,542
AFK 12/20/2024 S 126,567.74 - 48,714
AFK 01/06/2025 S - In-Kind 35,616
GDX 01/10/2024 S - In-Kind 105,348
GDX 01/17/2024 B - In-Kind 122,892
GDX 01/18/2024 B - In-Kind 61,446
GDX 01/19/2024 S - In-Kind 61,446
GDX 01/22/2024 B - In-Kind 52,668
GDX 01/25/2024 B - In-Kind 35,108
GDX 01/26/2024 B - In-Kind 263,310
GDX 01/30/2024 S - In-Kind 17,554
GDX 02/01/2024 S - In-Kind 26,328
GDX 02/02/2024 B - In-Kind 61,432
GDX 02/05/2024 S - In-Kind 96,536
GDX 02/06/2024 B 131,339.36 - 76,978
GDX 02/09/2024 S - In-Kind 201,848
GDX 02/15/2024 B - In-Kind 263,250
GDX 02/16/2024 B - In-Kind 35,100
GDX 02/21/2024 B - In-Kind 35,096
GDX 02/22/2024 B - In-Kind 17,548
GDX 02/26/2024 B - In-Kind 17,556
GDX 02/27/2024 B - In-Kind 26,334
GDX 02/28/2024 B - In-Kind 605,751
GDX 03/01/2024 B - In-Kind 483,340
GDX 03/04/2024 B - In-Kind 826,166

Page 1 of 12

==> picture [27 x 24] intentionally omitted <==

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDX 03/05/2024 B - In-Kind 255,113
GDX 03/07/2024 S - In-Kind 79,227
GDX 03/08/2024 S - In-Kind 158,454
GDX 03/13/2024 B - In-Kind 35,212
GDX 03/14/2024 B - In-Kind 61,635
GDX 03/15/2024 B 7,525,043.69 - 3,741,184
GDX 03/20/2024 S - In-Kind 55,416
GDX 03/21/2024 B - In-Kind 129,304
GDX 03/22/2024 S - In-Kind 64,645
GDX 03/26/2024 B - In-Kind 203,170
GDX 04/02/2024 B - In-Kind 36,932
GDX 04/02/2024 B 302,119.54 - 138,490
GDX 04/05/2024 S - In-Kind 397,105
GDX 04/08/2024 S - In-Kind 286,285
GDX 04/10/2024 S - In-Kind 1,098,846
GDX 04/11/2024 S - In-Kind 295,488
GDX 04/12/2024 S - In-Kind 452,515
GDX 04/15/2024 S - In-Kind 129,290
GDX 04/16/2024 S - In-Kind 470,985
GDX 04/17/2024 S - In-Kind 203,170
GDX 04/18/2024 S - In-Kind 46,175
GDX 04/19/2024 S - In-Kind 36,940
GDX 04/22/2024 S - In-Kind 1,228,255
GDX 04/24/2024 S - In-Kind 369,400
GDX 04/25/2024 S - In-Kind 46,175
GDX 04/26/2024 S - In-Kind 101,574
GDX 04/29/2024 S - In-Kind 313,956
GDX 04/30/2024 S - In-Kind 590,976
GDX 05/01/2024 S - In-Kind 489,402
GDX 05/02/2024 S - In-Kind 110,808
GDX 05/03/2024 S - In-Kind 350,854
GDX 05/06/2024 S - In-Kind 175,427
GDX 05/10/2024 B - In-Kind 83,088
GDX 05/16/2024 B - In-Kind 55,386
GDX 05/20/2024 B - In-Kind 55,386
GDX 05/22/2024 S - In-Kind 369,440
GDX 05/23/2024 B - In-Kind 73,888
GDX 05/24/2024 S - In-Kind 18,472
GDX 05/29/2024 S - In-Kind 129,304
GDX 05/31/2024 S - In-Kind 267,931
GDX 06/04/2024 B - In-Kind 147,936
GDX 06/05/2024 B - In-Kind 185,060
GDX 06/06/2024 B - In-Kind 74,024

Page 2 of 12

==> picture [33 x 25] intentionally omitted <==

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDX 06/07/2024 B - In-Kind 138,780
GDX 06/10/2024 S - In-Kind 92,540
GDX 06/11/2024 S - In-Kind 101,783
GDX 06/21/2024 B - In-Kind 296,128
GDX 06/21/2024 S 22,062,740.22 - 8,974,876
GDX 06/25/2024 S - In-Kind 186,070
GDX 06/27/2024 S - In-Kind 16,180
GDX 06/28/2024 S - In-Kind 533,940
GDX 07/12/2024 S - In-Kind 169,869
GDX 07/16/2024 B - In-Kind 347,784
GDX 07/18/2024 S - In-Kind 218,376
GDX 07/19/2024 S - In-Kind 186,024
GDX 07/24/2024 S - In-Kind 291,168
GDX 07/25/2024 S - In-Kind 24,261
GDX 07/26/2024 B - In-Kind 24,264
GDX 07/29/2024 B - In-Kind 24,261
GDX 07/29/2024 B 158,889.50 - 61,542
GDX 07/30/2024 S - In-Kind 24,261
GDX 08/01/2024 S - In-Kind 234,523
GDX 08/07/2024 S - In-Kind 396,312
GDX 08/08/2024 S - In-Kind 129,408
GDX 08/12/2024 S - In-Kind 16,176
GDX 08/15/2024 S - In-Kind 202,175
GDX 08/16/2024 S - In-Kind 32,348
GDX 08/19/2024 B - In-Kind 24,261
GDX 08/23/2024 S - In-Kind 8,089
GDX 08/27/2024 S - In-Kind 8,089
GDX 08/28/2024 B - In-Kind 88,979
GDX 09/03/2024 S - In-Kind 8,100
GDX 09/04/2024 B - In-Kind 24,312
GDX 09/06/2024 B - In-Kind 137,870
GDX 09/09/2024 B - In-Kind 348,773
GDX 09/10/2024 B - In-Kind 162,220
GDX 09/12/2024 B - In-Kind 259,552
GDX 09/13/2024 B - In-Kind 421,824
GDX 09/17/2024 S - In-Kind 16,234
GDX 09/18/2024 B - In-Kind 300,366
GDX 09/19/2024 B - In-Kind 146,124
GDX 09/20/2024 B 1,427,423.44 - 544,437
GDX 09/23/2024 S - In-Kind 32,640
GDX 09/24/2024 B - In-Kind 32,636
GDX 09/26/2024 B - In-Kind 16,318
GDX 09/27/2024 S - In-Kind 195,816

Page 3 of 12

==> picture [32 x 22] intentionally omitted <==

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDX 10/11/2024 B - In-Kind 24,474
GDX 10/16/2024 B - In-Kind 277,372
GDX 10/21/2024 S - In-Kind 171,318
GDX 10/23/2024 S - In-Kind 734,220
GDX 10/24/2024 S - In-Kind 407,850
GDX 10/25/2024 S - In-Kind 456,792
GDX 10/28/2024 S - In-Kind 203,925
GDX 10/29/2024 S - In-Kind 32,628
GDX 10/31/2024 S - In-Kind 81,560
GDX 11/01/2024 S - In-Kind 293,616
GDX 11/06/2024 S - In-Kind 407,800
GDX 11/07/2024 S - In-Kind 269,115
GDX 11/11/2024 S - In-Kind 163,100
GDX 11/12/2024 B - In-Kind 146,772
GDX 11/14/2024 S - In-Kind 269,082
GDX 11/15/2024 B - In-Kind 40,770
GDX 11/18/2024 B - In-Kind 570,780
GDX 11/19/2024 B - In-Kind 130,480
GDX 11/20/2024 B - In-Kind 334,355
GDX 11/22/2024 S - In-Kind 350,837
GDX 11/25/2024 B - In-Kind 114,240
GDX 11/26/2024 B - In-Kind 130,544
GDX 11/27/2024 S - In-Kind 203,975
GDX 12/04/2024 S - In-Kind 81,730
GDX 12/11/2024 B - In-Kind 514,962
GDX 12/12/2024 B - In-Kind 32,692
GDX 12/13/2024 S - In-Kind 24,522
GDX 12/20/2024 S - In-Kind 318,786
GDX 12/20/2024 S 8,553,416.41 - 3,292,080
GDX 12/23/2024 B - In-Kind 39,080
GDX 12/24/2024 B - In-Kind 92,688
GDX 01/10/2025 S - In-Kind 347,580
GDX 01/13/2025 S - In-Kind 270,340
GDX 01/14/2025 S - In-Kind 46,338
GDX 01/15/2025 S - In-Kind 177,629
GDX 01/17/2025 S - In-Kind 100,399
GDX 01/21/2025 S - In-Kind 30,892
GDX 01/22/2025 S - In-Kind 393,822
GDX 01/23/2025 S - In-Kind 277,992
GDXJ 01/10/2024 S - In-Kind 83,064
GDXJ 01/11/2024 S - In-Kind 20,766
GDXJ 01/12/2024 S - In-Kind 20,766
GDXJ 01/16/2024 S - In-Kind 249,192

Page 4 of 12

==> picture [22 x 20] intentionally omitted <==

This is Annexure A of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDXJ 01/17/2024 S - In-Kind 249,180
GDXJ 01/19/2024 S - In-Kind 249,168
GDXJ 01/23/2024 S - In-Kind 186,876
GDXJ 01/24/2024 B - In-Kind 41,526
GDXJ 01/26/2024 S - In-Kind 20,762
GDXJ 02/05/2024 S - In-Kind 83,044
GDXJ 02/14/2024 B - In-Kind 41,516
GDXJ 02/26/2024 B - In-Kind 415,400
GDXJ 03/04/2024 B - In-Kind 124,602
GDXJ 03/05/2024 B - In-Kind 622,950
GDXJ 03/06/2024 B - In-Kind 332,336
GDXJ 03/11/2024 S - In-Kind 62,364
GDXJ 03/13/2024 B - In-Kind 311,820
GDXJ 03/14/2024 B - In-Kind 207,890
GDXJ 03/15/2024 B 5,781,171.92 - 2,874,193
GDXJ 03/18/2024 B 229,283.57 - 112,547
GDXJ 03/19/2024 B - In-Kind 44,094
GDXJ 03/21/2024 B - In-Kind 396,828
GDXJ 03/22/2024 S - In-Kind 44,092
GDXJ 03/27/2024 B - In-Kind 66,132
GDXJ 04/04/2024 S - In-Kind 66,123
GDXJ 04/09/2024 S - In-Kind 44,076
GDXJ 04/10/2024 S - In-Kind 88,148
GDXJ 04/15/2024 S - In-Kind 88,184
GDXJ 04/16/2024 B - In-Kind 66,138
GDXJ 04/18/2024 S - In-Kind 44,098
GDXJ 04/19/2024 S - In-Kind 66,153
GDXJ 04/22/2024 S - In-Kind 44,100
GDXJ 04/23/2024 S - In-Kind 66,153
GDXJ 04/25/2024 S - In-Kind 44,100
GDXJ 05/03/2024 S - In-Kind 220,480
GDXJ 05/06/2024 S - In-Kind 198,441
GDXJ 05/17/2024 S - In-Kind 44,198
GDXJ 05/17/2024 B 134,240.22 - 56,364
GDXJ 05/23/2024 S - In-Kind 221,010
GDXJ 05/24/2024 S - In-Kind 44,204
GDXJ 06/04/2024 B - In-Kind 44,168
GDXJ 06/05/2024 B - In-Kind 44,168
GDXJ 06/06/2024 B - In-Kind 44,170
GDXJ 06/10/2024 S - In-Kind 44,178
GDXJ 06/12/2024 B - In-Kind 44,176
GDXJ 06/21/2024 B 3,123,331.94 - 1,268,759
GDXJ 06/24/2024 S - In-Kind 67,980

==> picture [30 x 23] intentionally omitted <==

Page 5 of 12

This is Annexure A of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDXJ 06/26/2024 S - In-Kind 203,913
GDXJ 07/01/2024 S - In-Kind 45,314
GDXJ 07/05/2024 S - In-Kind 203,904
GDXJ 07/17/2024 B - In-Kind 45,300
GDXJ 08/05/2024 S - In-Kind 293,930
GDXJ 08/08/2024 S - In-Kind 135,774
GDXJ 08/15/2024 B - In-Kind 67,869
GDXJ 09/04/2024 S - In-Kind 113,040
GDXJ 09/13/2024 B - In-Kind 22,626
GDXJ 09/19/2024 S - In-Kind 113,135
GDXJ 09/20/2024 B 2,632,129.94 - 1,003,927
GDXJ 09/23/2024 B 99,574.65 - 37,460
GDXJ 09/30/2024 S - In-Kind 300,170
GDXJ 10/02/2024 S - In-Kind 207,810
GDXJ 10/03/2024 S - In-Kind 207,810
GDXJ 10/04/2024 S - In-Kind 207,801
GDXJ 10/14/2024 S - In-Kind 300,170
GDXJ 10/24/2024 B 1,072,180.08 - 364,432
GDXJ 10/25/2024 S - In-Kind 209,403
GDXJ 10/28/2024 S - In-Kind 162,855
GDXJ 11/07/2024 S - In-Kind 580,125
GDXJ 11/12/2024 S - In-Kind 278,472
GDXJ 11/13/2024 S - In-Kind 417,762
GDXJ 11/14/2024 S - In-Kind 139,272
GDXJ 11/21/2024 B 1,937,762.30 - 725,246
GDXJ 11/22/2024 S - In-Kind 353,190
GDXJ 11/25/2024 S - In-Kind 141,276
GDXJ 11/26/2024 S - In-Kind 306,020
GDXJ 11/27/2024 S - In-Kind 94,168
GDXJ 12/02/2024 S - In-Kind 211,869
GDXJ 12/03/2024 S - In-Kind 117,765
GDXJ 12/19/2024 S - In-Kind 94,220
GDXJ 12/20/2024 S 4,448,240.05 - 1,712,060
GDXJ 12/23/2024 S - In-Kind 349,785
GDXJ 01/13/2025 S - In-Kind 68,172
GDXJ 01/14/2025 S - In-Kind 431,699
GDXJ 01/14/2025 B 2,299,402.94 - 857,386
GDXJ 01/22/2025 S - In-Kind 208,053
GDXJ 01/23/2025 S - In-Kind 785,434
HAP 01/16/2024 S - In-Kind 1,868
HAP 01/19/2024 B 199.64 - 114
HAP 02/08/2024 S - In-Kind 934
HAP 03/05/2024 S - In-Kind 469

Page 6 of 12

==> picture [33 x 22] intentionally omitted <==

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
HAP 03/15/2024 S 42,297.81 - 21,050
IIG 01/08/2024 S 29,806.07 - 17,000
IIG 02/06/2024 S 178,455.86 - 105,000
IIG 02/28/2024 S 73,813.88 - 42,700
IIG 03/26/2024 S 59,615.23 - 28,600
IIG 04/11/2024 S 109,270.37 - 49,000
IIG 05/13/2024 S 64,582.43 - 28,000
IIG 05/24/2024 S 70,030.66 - 29,000
IIG 06/11/2024 S 69,737.09 - 30,000
IIG 07/03/2024 S 51,718.90 - 22,000
IIG 08/05/2024 S 71,453.70 - 29,000
IIG 09/13/2024 S 175,608.57 - 70,000
IIG 09/19/2024 S 41,322.66 - 16,000
IIG 10/01/2024 S 48,430.62 - 19,000
IIG 10/14/2024 S 92,799.87 - 34,000
IIG 10/17/2024 S 39,605.55 - 14,000
IIG 10/22/2024 S 264,369.28 - 90,000
IIG 10/29/2024 S 48,430.62 - 17,000
IIG 12/23/2024 S 74,966.90 - 29,000
VGOLD 01/08/2024 S 2,454.62 - 1,400
VGOLD 01/18/2024 S 3,190.72 - 1,900
VGOLD 01/22/2024 S 2,463.01 - 1,400
VGOLD 02/23/2024 S 3,873.95 - 2,300
VGOLD 02/28/2024 S 4,148.79 - 2,400
VGOLD 05/13/2024 S 4,843.68 - 2,100
VGOLD 07/03/2024 S 8,228.01 - 3,500
VGOLD 07/17/2024 B 10,327.13 - 3,700
VGOLD 08/06/2024 S 9,756.10 - 4,000
VGOLD 11/27/2024 S 5,562.77 - 2,100
VGOLD 12/27/2024 S 12,343.06 - 4,900
VGOLD 01/03/2025 S 6,647.34 - 2,500
MVRAU 12/20/2024 B 7,208,340.04 - 2,772,286
MVRAU 12/31/2024 S 155,074.73 - 60,347
MVRAU 01/09/2025 B - In-Kind 11,045
MVRAU 01/15/2025 B - In-Kind 11,045
UCTGDX 01/12/2024 B 52,075.21 - 29,671
UCTGDX 01/17/2024 S 132,576.51 - 77,534
UCTGDX 01/19/2024 B 205,085.75 - 117,186
UCTGDX 01/22/2024 B 105,125.85 - 58,563
UCTGDX 01/24/2024 S 36,539.82 - 19,699
UCTGDX 01/29/2024 B 35,872.17 - 19,709
UCTGDX 01/29/2024 S 19,616.80 - 10,779
UCTGDX 02/12/2024 S 48,104.44 - 28,893

Page 7 of 12

==> picture [25 x 21] intentionally omitted <==

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
UCTGDX 02/15/2024 S 18,843.34 - 11,284
UCTGDX 02/16/2024 B 85,757.72 - 50,002
UCTGDX 02/21/2024 B 49,033.25 - 29,185
UCTGDX 02/26/2024 B 32,676.25 - 19,164
UCTGDX 02/29/2024 S 35,747.56 - 20,370
UCTGDX 03/06/2024 B 95,058.81 - 48,621
UCTGDX 03/07/2024 B 344,142.29 - 166,244
UCTGDX 03/15/2024 B 477,392.58 - 237,485
UCTGDX 03/22/2024 B 230,390.13 - 113,487
UCTGDX 03/27/2024 B 88,254.66 - 42,225
UCTGDX 03/28/2024 B 158,275.86 - 73,613
UCTGDX 04/03/2024 B 69,525.03 - 31,745
UCTGDX 04/11/2024 S 102,560.67 - 44,985
UCTGDX 04/12/2024 B 48,414.77 - 20,601
UCTGDX 04/16/2024 S 137,936.72 - 61,037
UCTGDX 04/26/2024 S 142,786.54 - 61,549
UCTGDX 05/07/2024 S 142,777.08 - 61,548
UCTGDX 05/10/2024 B 47,444.10 - 20,448
UCTGDX 05/22/2024 S 351,902.41 - 143,648
UCTGDX 05/23/2024 S 524,161.76 - 215,726
UCTGDX 06/21/2024 S 1,472,696.54 - 598,717
UCTGDX 06/25/2024 B 446,838.78 - 189,329
UCTGDX 06/27/2024 B 279,114.60 - 120,302
UCTGDX 06/28/2024 B 43,568.83 - 18,539
UCTGDX 07/15/2024 S 94,456.74 - 34,603
UCTGDX 07/16/2024 S 963,851.56 - 350,509
UCTGDX 07/17/2024 B 50,417.43 - 18,467
UCTGDX 07/26/2024 S 45,402.73 - 18,162
UCTGDX 08/21/2024 B 92,750.99 - 35,535
UCTGDX 08/22/2024 B 140,154.81 - 53,903
UCTGDX 08/23/2024 B 322,144.21 - 125,825
UCTGDX 08/27/2024 B 45,768.01 - 18,018
UCTGDX 08/29/2024 B 72,711.94 - 26,929
UCTGDX 09/04/2024 B 197,700.02 - 82,025
UCTGDX 09/12/2024 B 63,516.63 - 27,027
UCTGDX 09/16/2024 B 46,990.27 - 18,646
UCTGDX 09/18/2024 B 344,799.58 - 135,202
UCTGDX 09/20/2024 B 72,424.04 - 27,640
UCTGDX 09/23/2024 B 308,478.50 - 117,734
UCTGDX 09/24/2024 B 25,615.84 - 9,702
UCTGDX 09/25/2024 B 2,064,201.45 - 778,905
UCTGDX 10/02/2024 B 95,738.55 - 37,396
UCTGDX 10/03/2024 B 71,128.64 - 28,002
8 of
Page
12

==> picture [27 x 23] intentionally omitted <==

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
UCTGDX 10/04/2024 B 48,150.37 - 18,662
UCTGDX 10/08/2024 S 16,288.21 - 6,413
UCTGDX 10/16/2024 B 55,208.02 - 19,646
UCTGDX 10/21/2024 B 136,374.92 - 46,068
UCTGDX 10/23/2024 B 28,372.44 - 9,520
UCTGDX 10/25/2024 B 106,207.15 - 35,879
UCTGDX 11/01/2024 B 51,052.74 - 18,102
UCTGDX 11/04/2024 B 51,100.95 - 18,120
UCTGDX 11/08/2024 B 93,583.97 - 36,131
UCTGDX 11/12/2024 S 91,138.56 - 36,312
UCTGDX 11/13/2024 B 250,858.38 - 99,542
UCTGDX 11/14/2024 B 23,563.69 - 9,539
UCTGDX 11/19/2024 B 163,420.77 - 62,851
UCTGDX 12/03/2024 B 49,675.37 - 19,104
UCTGDX 12/17/2024 S 89,893.50 - 33,421
UCTGDX 12/19/2024 B 48,354.32 - 18,246
UCTGDX 12/20/2024 S 661,280.27 - 254,364
UCTGDX 12/23/2024 S 112,591.58 - 43,476
UCTGDX 12/24/2024 S 245,029.61 - 96,478
UCTGDX 01/10/2025 S 91,792.12 - 34,642
UCTGDXJ 01/10/2024 B 27,761.05 - 15,999
UCTGDXJ 01/17/2024 B 31,785.24 - 18,586
UCTGDXJ 02/29/2024 B 47,974.22 - 27,333
UCTGDXJ 03/06/2024 B 69,685.13 - 35,641
UCTGDXJ 03/07/2024 B 76,502.43 - 36,954
UCTGDXJ 03/08/2024 B 367,127.70 - 180,833
UCTGDXJ 03/11/2024 B 111,613.46 - 55,941
UCTGDXJ 03/15/2024 B 566,623.40 - 281,874
UCTGDXJ 03/27/2024 B 85,635.86 - 40,970
UCTGDXJ 04/08/2024 B 89,895.71 - 39,424
UCTGDXJ 04/12/2024 S 304,249.92 - 129,481
UCTGDXJ 04/16/2024 S 133,195.60 - 58,942
UCTGDXJ 04/17/2024 S 439,855.85 - 192,096
UCTGDXJ 04/18/2024 S 263,012.22 - 115,876
UCTGDXJ 04/19/2024 S 266,665.23 - 115,953
UCTGDXJ 04/22/2024 S 130,997.17 - 58,749
UCTGDXJ 04/26/2024 S 43,576.84 - 18,785
UCTGDXJ 05/10/2024 S 19,070.69 - 8,116
UCTGDXJ 05/17/2024 B 47,609.52 - 20,002
UCTGDXJ 05/17/2024 B 92,734.07 - 38,960
UCTGDXJ 05/28/2024 B 40,058.21 - 16,620
UCTGDXJ 05/30/2024 B 131,628.62 - 57,474
UCTGDXJ 06/07/2024 S 155,269.67 - 62,615

Page 9 of 12

==> picture [29 x 19] intentionally omitted <==

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
UCTGDXJ 06/12/2024 S 92,620.94 - 40,274
UCTGDXJ 06/21/2024 B 290,697.75 - 118,158
UCTGDXJ 07/31/2024 S 31,773.62 - 12,560
UCTGDXJ 08/05/2024 B 639,840.91 - 259,019
UCTGDXJ 08/09/2024 S 330,850.27 - 137,296
UCTGDXJ 08/15/2024 S 146,300.76 - 59,237
UCTGDXJ 08/20/2024 B 258,662.38 - 100,723
UCTGDXJ 08/21/2024 B 103,530.78 - 39,663
UCTGDXJ 08/21/2024 B 205,709.60 - 78,812
UCTGDXJ 08/30/2024 S 23,847.38 - 9,034
UCTGDXJ 09/16/2024 B 107,050.22 - 42,476
UCTGDXJ 09/20/2024 B 252,690.21 - 96,437
UCTGDXJ 10/04/2024 B 56,585.06 - 21,930
UCTGDXJ 10/24/2024 B 138,517.25 - 47,110
UCTGDXJ 10/25/2024 B 125,034.02 - 42,237
UCTGDXJ 10/31/2024 S 38,867.39 - 13,544
UCTGDXJ 11/04/2024 B 116,827.36 - 41,424
UCTGDXJ 11/12/2024 S 105,492.28 - 42,033
UCTGDXJ 11/13/2024 S 257,878.57 - 102,343
UCTGDXJ 11/21/2024 B 193,901.44 - 72,615
UCTGDXJ 11/25/2024 S 110,859.19 - 42,156
UCTGDXJ 12/13/2024 B 173,053.78 - 63,152
UCTGDXJ 12/20/2024 S 129,022.50 - 49,629
UCTGDXJ 01/14/2025 B 164,099.41 - 61,225
UCTGDXJ 01/20/2025 B 65,438.74 - 23,836
UCTGDIG 01/11/2024 S 32,514.93 - 18,853
UCTGDIG 01/16/2024 S 36,062.23 - 20,494
UCTGDIG 01/18/2024 S 28,167.40 - 16,145
UCTGDIG 03/15/2024 S 30,831.25 - 15,342
UCTGDIG 04/04/2024 B 16,973.27 - 7,610
UCTGDIG 04/08/2024 B 26,030.75 - 11,415
UCTGDIG 04/16/2024 B 32,061.45 - 14,184
UCTGDIG 04/19/2024 B 27,160.85 - 11,807
UCTGDIG 04/23/2024 B 17,358.02 - 7,961
UCTGDIG 05/01/2024 B 28,022.26 - 12,852
UCTGDIG 05/15/2024 B 31,835.06 - 13,779
UCTGDIG 05/31/2024 B 21,769.51 - 9,262
UCTGDIG 05/31/2024 B 872,891.70 - 370,864
UCTGDIG 06/03/2024 B 26,123.13 - 11,258
UCTGDIG 06/12/2024 B 27,397.79 - 11,910
UCTGDIG 06/21/2024 S 35,512.84 - 14,439
UCTGDIG 07/10/2024 B 26,477.60 - 10,547
UCTGDIG 07/12/2024 B 104,350.55 - 38,216

Page 10 of 12

==> picture [32 x 22] intentionally omitted <==

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
UCTGDIG 07/16/2024 B 19,506.41 - 7,092
UCTGDIG 07/18/2024 B 22,895.06 - 8,385
UCTGDIG 07/22/2024 B 25,117.45 - 9,441
UCTGDIG 08/16/2024 S 72,707.27 - 29,088
UCTGDIG 09/06/2024 S 17,079.45 - 7,001
UCTGDIG 09/09/2024 S 30,816.21 - 13,060
UCTGDIG 09/20/2024 S 41,269.84 - 15,755
UCTGDIG 09/30/2024 S 35,252.32 - 13,509
UCTGDIG 10/09/2024 B 24,645.89 - 9,551
UCTGDIG 10/10/2024 B 53,826.05 - 20,682
UCTGDIG 10/22/2024 S 83,247.24 - 28,417
UCTGDIG 12/02/2024 S 45,456.90 - 17,554
UCTGDIG 12/03/2024 S 87,596.87 - 33,697
UCTGDIG 12/13/2024 S 42,265.32 - 15,428
UCTGDIG 12/27/2024 S 17,274.80 - 6,697
UCTGDIG 01/08/2025 S 27,585.48 - 10,571
GDXAU 01/17/2024 B 9,108.37 - 5,326
GDXAU 01/22/2024 B 9,561.13 - 5,326
GDXAU 01/29/2024 S 38,711.17 - 21,272
GDXAU 02/28/2024 B 5,330.45 - 3,072
GDXAU 03/05/2024 B 15,613.08 - 8,131
GDXAU 03/07/2024 B 11,059.05 - 5,342
GDXAU 03/15/2024 B 172,862.01 - 86,001
GDXAU 03/26/2024 S 11,711.07 - 5,604
GDXAU 04/10/2024 B 25,449.24 - 11,210
GDXAU 04/12/2024 B 26,351.09 - 11,212
GDXAU 05/09/2024 S 25,775.56 - 11,208
GDXAU 05/28/2024 S 13,508.97 - 5,606
GDXAU 05/30/2024 B 6,570.67 - 2,869
GDXAU 06/03/2024 B 13,021.14 - 5,612
GDXAU 06/21/2024 S 572,444.96 - 232,714
GDXAU 06/24/2024 B 5,843.48 - 2,455
GDXAU 06/27/2024 B 11,394.66 - 4,911
GDXAU 06/27/2024 B 11,394.77 - 4,911
GDXAU 06/28/2024 S 50,317.37 - 21,414
GDXAU 07/01/2024 B 11,390.02 - 4,909
GDXAU 07/17/2024 B 13,211.79 - 4,839
GDXAU 07/18/2024 B 13,214.65 - 4,840
GDXAU 08/16/2024 S 36,281.01 - 14,514
GDXAU 08/20/2024 S 6,240.34 - 2,419
GDXAU 08/27/2024 S 6,143.59 - 2,419
GDXAU 08/29/2024 B 6,664.27 - 2,468
GDXAU 09/12/2024 B 19,586.86 - 8,334

Page 11 of 12

==> picture [31 x 28] intentionally omitted <==

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDXAU 09/20/2024 B 20,185.59 - 7,704
GDXAU 10/25/2024 S 28,886.42 - 9,760
GDXAU 11/01/2024 B 13,762.98 - 4,880
GDXAU 11/07/2024 B 12,442.81 - 4,879
GDXAU 11/13/2024 S 38,350.56 - 15,220
GDXAU 11/20/2024 B 12,881.85 - 4,879
GDXAU 11/21/2024 B 26,059.40 - 9,759
GDXAU 11/29/2024 B 9,724.19 - 3,683
GDXAU 12/20/2024 S 185,431.54 - 71,321
GDXAU 01/03/2025 S 24,582.53 - 9,348
GDXAU 01/17/2025 B 12,805.43 - 4,673
ESBGDX 03/15/2024 B 123,310.02 - 61,336
ESBGDX 04/24/2024 S 338,672.21 - 153,276
ESBGDX 06/14/2024 S 355,165.41 - 152,462
ESBGDX 06/21/2024 S 283,650.14 - 115,328
ESBGDX 07/26/2024 S 628,491.78 - 251,447
ESBGDX 09/20/2024 B 20,256.65 - 7,730
ESBGDX 12/20/2024 S 59,725.65 - 22,976
In-Kind transactions result from receiving a basket of securities (including PERSEUS MINING
LTD) in exchange for securities.

==> picture [25 x 26] intentionally omitted <==

Page 12 of 12